Shenzhen H&T Intelligent Control Co., Ltd. Announcement on Providing Guarantees for Subsidiaries and Grand-Subsidiaries
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and do not contain any false records, misleading statements, or significant omissions.
Special Reminder: Shenzhen H&T Intelligent Control Co., Ltd. (hereinafter referred to as "H&T" or "the Company") will provide guarantees for its wholly-owned and controlled subsidiaries and grand-subsidiaries whose asset-liability ratio exceeds 70%. The amount of this guarantee exceeds 50% of the Company's net assets as of the most recent audited period. The Company has not provided guarantees for entities outside the consolidated statements. Investors are requested to pay attention to related risks.
I. Overview of Guarantee Situation
To better promote the rapid development of the Company's subsidiaries and grand-subsidiaries, enhance their liquidity, and strengthen profitability, ensuring the maximization of the Company's interests, the Company held the third meeting of the seventh Board of Directors on April 24, 2026, and deliberated and passed the "Proposal on Providing Guarantees for Subsidiaries and Grand-Subsidiaries." It was agreed that the Company would provide guarantees for its wholly-owned subsidiaries H&T Intelligent Control International Co., Ltd. (hereinafter referred to as "Hong Kong H&T"), H&T Small Home Appliance Intelligent Technology Co., Ltd. (hereinafter referred to as "Small Appliance Company"), Qingdao H&T Intelligent Control Technology Co., Ltd. (hereinafter referred to as "Qingdao H&T"), Hangzhou H&T Intelligent Control Technology Co., Ltd. (hereinafter referred to as "Hangzhou H&T"), Shenzhen H&T Intelligent Technology Co., Ltd. (hereinafter referred to as "Intelligent Technology"), Liuzhou H&T Intelligent Technology Co., Ltd. (hereinafter referred to as "Liuzhou H&T"), its wholly-owned grand-subsidiary H&T Intelligent Control (Vietnam) Co., Ltd. (hereinafter referred to as "Vietnam Company"), H&T Electronic Technology Mexico, S. de R.L. de C.V (hereinafter referred to as "Mexico Company"), H&T Electronic Technology (Vietnam) Co., Ltd. (hereinafter referred to as "Vietnam Electronics"), H&T Intelligent Control (Pingyang) Co., Ltd. (hereinafter referred to as "Pingyang Smart Control"), and its controlled subsidiaries Shenzhen H&T New Material Technology Co., Ltd. (hereinafter referred to as "New Material"), NPE S.r.l. (hereinafter referred to as "NPE"). The scope of the guarantee includes, but is not limited to, applying for bank credit lines, loans, issuing guarantees, opening letters of credit, and endorsing bank acceptance bills, as well as performance guarantees arising from daily operations. The types of guarantees include, but are not limited to, guarantees, mortgages, pledges, and counter-guarantees. The validity period of the guarantee line of credit shall be one year from the date of approval by the Company's shareholders' meeting, and the guarantee line of credit can be used cyclically within the authorized period.
According to the "Shenzhen Stock Exchange Stock Listing Rules" and the "Articles of Association," providing guarantees for entities with an asset-liability ratio exceeding 70% requires approval from the shareholders' meeting. Therefore, this guarantee, after being reviewed by the Board of Directors, still needs to be submitted to the shareholders' meeting for approval.
The following is the expected guarantee situation: